At a Certain University, 5% and 17% of Total Students

Multiple Choice

At a certain university, 5% and 17% of total students are mathematics majors (M) and business majors (B) , respectively. If 3% of the total students are majoring in both mathematics and business, what percent of total students will be represented by the shaded region of the following Venn diagram?

A) 1%
B) 2%
C) 3%
D) 5%